Today's Flooring News

Keep up to date with the most recent news in the flooring industry. Today's News...As it happens! We update this news several times a day so you can stay connected.

Board Determines Recession Ended November 2001

Washington, DC, July 18--The 2001 recession, the country's first downturn in a decade, officially ended in November of that year, only eight months after it had begun, an academic group declared Thursday.

Lowe's Looking To Compete In Installation

Atlanta, GA, July 17--Lowe's and Home Depot want to bring their battle for home improvement supremacy into your house or condo, according to the Atlanta Journal-Constitution.

Interceramic Has Disappointing Quarter

Chihuahua, Mexico, July 16--The second quarter of 2003 -- traditionally the slowest quarter of the year for Interceramic (NYSE:ICM) -- saw sales increase slightly from the same period in 2002 but not up to the Company's expectations for the quarter.

Efficiency's Key For Award Hardwood

Wausau, WI, July 17--Award Hardwood Floors of Wausau has been in business only since 1997, but even in that short time, the company has made many changes to its product designs and manufacturing processes.

Housing Starts Highest Since January

Washington, DC, July 17--The number of new housing projects builders broke ground on in June climbed to the highest level in five months, good news for efforts to get the economy back into shape.

Home Depot Store Expansion On Track

Atlanta, GA, July 15--Home Depot Inc. Chairman Robert Nardelli said on Tuesday that the retailer was not backing off its plans to open 200 stores and hire 40,000 workers in 2003.

Domco Tarkett Board Recommends Acceptance Of Tarke

Farnham, Quebec, July 15--Domco Tarkett Inc. announced today that its Board of Directors recommends that the minority shareholders accept the offer of Tarkett Sommer AG announced on April 30, 2003 and tender their common shares.

Burlington Shareholder Seeks Company Inquiry

Greensboro, NC, July 16--A shareholder wants the court overseeing Burlington Industries Inc.'s Chapter 11 case to allow an investigation into the company and Chief Executive George Henderson.